End-to-end data management, reporting and analytics platform, dv01 has partnered with HouseCanary, the companies announced in a press release.
dv01 will leverage the HouseCanary Home Price Index (HPI) to provide investors with a more detailed analysis of the non-QM and Credit Risk Transfer (CRT) datasets on the dv01 platform.
Through this partnership, investors now have access to accurate home price appreciation data and updated loan-to-value calculations to better assess underlying asset collateral. The HouseCanary HPI is a comprehensive and localized dataset that tracks home prices nationwide with more than 40 years of historical data that covers more than 4 million census blocks to ensure the most accurate and local forecasts.
Integrating the HouseCanary HPI into the dv01 platform empowers investors to make more informed risk management decisions when purchasing mortgage-backed securities, the release said.
“Since a home’s valuation directly impacts a borrower’s payment behavior, investors can now harness critical post-origination data to make even better data-driven decisions,” dv01 founder and CEO Perry Rahbar said in the release. “Working with a leading provider in real estate analytics ensures we continue to bring transparency to the capital markets ecosystem and put our clients’ best interests at the forefront of everything we do.”
As MBS investors continue to call for trust and transparency in the mortgage market, dv01 and HouseCanary expect to build deeper product integration.
“Our mission is to make real estate valuations transparent and provide actionable insights into residential property, so partnering with dv01 is a natural fit for us,” HouseCanary founder and CEO Jeremy Sicklick said. “By integrating our HPI forecasts with dv01’s platform we are able to drive better decisions across the residential real estate ecosystem.”
Market participants project non-QM issuance to reach more than $40 billion in 2020. CRT represents the largest mortgage credit opportunity available.
Launched in April 2019, dv01 said its CRT product is the first to offer loan level transparency on one of the most significant datasets in the mortgage world, comprising more than 80 CAS and STACR deals, 10 million loans and $2.4 trillion in notional.